16/8/2019
*FCPO Nov 19*
Previous Close: 2200 -40
FCPO entered correction for the 1st day after many days of gains. Related edible oils show some rebound this morning, FCPO may test resistance level 1st.
Hourly chart formed technical correction signal, close below 2200 to trigger more downside.
*Classic Support & Resistance*
Resistance: 2240 2300
Support: 2170 2100
*Recommend Trading Plan for the day:*
1. Buy 2213, stop 2205, profit 2221/2229/2237
2. Sell 2198 for correction, stop 2206, profit 2190/2182/2174
*FCPO Margin Requirement*
Overnight MYR 3000
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